Aichi | The Observatory of Economic Complexity

Aichi

Prefecture in Chūbu Region of Japan

2023
Economic
Complexity 0.95Rank 1 of 41

Aug 2024
Trade
Exports | Imports ¥ 1.66T | ¥ 825B1 of 41 | 4 of 41

Aug 2024
Country
Destination | Origin United States | China ¥ 476B | ¥ 208B

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Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Aichi. In August 2024 Aichi was the number 1 in total exports and the number 4 in total imports in Japan.

Exports In 2023, Japan's Aichi exported ¥ 18T, making it the 1st largest exporter out of the 41 exporters in Japan. In 2023 the top exports of Aichi were Spark-ignition non chargeable Cars (¥ 2.47T), Large Sized Cars (¥ 1.88T), Medium Sized Cars (¥ 1.33T), Transmissions for motor vehicles (¥ 1.27T), and Spark-ignition chargeable Cars (¥ 738B).

Imports In 2023, Japan's Aichi imported ¥ 9.71T, making it the 4th largest importer out of the 41 importers in Japan. In 2023 top imports of Aichi were Natural gas, liquefied (¥ 581B), Petroleum oils, oils from bituminous minerals,... (¥ 525B), Ignition/other wiring sets for vehicles/aircraft/ship (¥ 343B), Bituminous coal, not agglomerated (¥ 313B), and Medium Sized Cars (¥ 271B).

Economic Complexity In 2023, the highest complexity exports of Aichi according to the product complexity index (PCI) are Metalworking Machines (2.2), Photographic Chemicals (2.17), Precious Metal Compounds (2.07), Metalworking Transfer Machines (2.04), Machinery Having Individual Functions (1.93), Non-Mechanical Removal Machinery (1.9), Phosphoric Esters and Salts (1.84), Hot-Rolled Stainless Steel Bars (1.8), Iron Fasteners (1.79), and Metal Pickling Preparations (1.79). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

August, 2024

About

Overview In August 2024 Aichi exported ¥1.66T and imported ¥825B, resulting in a positive trade balance of ¥837B. Between August 2023 and August 2024 the exports of Aichi have increased by $42.5B (2.63%) from ¥1.62T to ¥1.66T, while imports increased by ¥11.9B (1.46%) from ¥813B to ¥825B.

Trade In August 2024, the top exports of Aichi were Cars (¥565B), Motor vehicles; parts and accessories (8701... (¥170B), Commodities not elsewhere specified (¥61.4B), Machines and apparatus of a kind... (¥34.1B), and Thermostats (¥31B). In August 2024 the top imports of Aichi were Cars (¥69.3B), Petroleum Gas (¥55.8B), Crude Petroleum (¥53.2B), Insulated Wire (¥36.7B), and Raw Aluminium (¥30.7B).

Destinations In August 2024, Aichi exported mostly to United States (¥476B), China (¥199B), Thailand (¥74.8B), Australia (¥71.6B), and Canada (¥57.4B), and imported mostly from China (¥208B), United States (¥80.3B), Australia (¥64.8B), Thailand (¥52.2B), and Vietnam (¥48B).

Growth In August 2024, the increase in Aichi's year-by-year exports was explained primarily by an increase in exports to Australia (¥27.2B or 61.4%), China (¥9.3B or 4.9%), and Israel (¥7.7B or 159%), and product exports increase in Commodities not elsewhere specified (¥20.7B or 50.8%), Machines and apparatus of a kind... (¥16.9B or 98.7%), and Aircraft parts including unmanned craft (¥10.3B or 152%). In August 2024, the increase in Aichi's year-by-year imports was explained primarily by an increase in imports from Australia (¥43.1B or 198%), Saudi Arabia (¥10.5B or 43.1%), and South Korea (¥8.58B or 32.7%), and product imports increase in Petroleum Gas (¥18.2B or 48.6%), Refined Petroleum (¥10.2B or 162%), and Gas Turbines (¥6.1B or 37.5%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (August 2023 - August 2024)¥42.5B(2.63%)

IMPORT GROWTH (August 2023 - August 2024)¥11.9B(1.46%)

This section shows exports and imports data at subnational level for Aichi. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Aichi over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)United States¥ 5.79T

Top Product (2023)Spark-ignition non chargeable Cars¥ 2.47T

In 2023 the top export destinations of Aichi were United States (¥ 5.79T), China (¥ 2.4T), Thailand (¥ 904B), Australia (¥ 765B), and Canada (¥ 619B).

In 2023 the top exports of Aichi were Spark-ignition non chargeable Cars (¥ 2.47T), Large Sized Cars (¥ 1.88T), Medium Sized Cars (¥ 1.33T), Transmissions for motor vehicles (¥ 1.27T), and Spark-ignition chargeable Cars (¥ 738B).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Aug 2023 - Aug 2024)

Australia ¥ 27.2B (61.4%)

China ¥ 9.3B (4.9%)

Israel ¥ 7.7B (159%)

Rapidly Declining Export Origins (Aug 2023 - Aug 2024)

United Kingdom ¥ -9.22B (-27%)

Germany ¥ -7.94B (-17.7%)

United States ¥ -7.82B (-1.62%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)China¥ 2.59T

Top Import (2023)Natural gas, liquefied¥ 581B

In 2023 the top import origins of Aichi were China (¥ 2.59T), United States (¥ 980B), Thailand (¥ 564B), Germany (¥ 561B), and Vietnam (¥ 551B).

In 2023 the top imports of Aichi were Natural gas, liquefied (¥ 581B), Petroleum oils, oils from bituminous minerals,... (¥ 525B), Ignition/other wiring sets for vehicles/aircraft/ship (¥ 343B), Bituminous coal, not agglomerated (¥ 313B), and Medium Sized Cars (¥ 271B).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Aug 2023 - Aug 2024)

Australia ¥ 43.1B (198%)

Saudi Arabia ¥ 10.5B (43.1%)

South Korea ¥ 8.58B (32.7%)

Rapidly Declining Import Origins (Aug 2023 - Aug 2024)

China ¥ -16.8B (-7.49%)

Spain ¥ -8.31B (-83.4%)

Malaysia ¥ -6.45B (-29.3%)

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Economic Complexity

Economic Complexity of Aichi

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Geomap

Treemap

Economic Complexity (2023)0.95

Aichi ranks 1st out of the 41 prefectures in Japan according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Economic Complexity Ranking

Value

Ranking

Value

The economic complexity of a territory can change year to year. Aichi it is in position 1st considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Aichi already has a comparative advantage, are led by Developed Exposed Photographic Material (0.25), Cermets (0.23), Artificial Textile Machinery (0.23), Photo Lab Equipment (0.22), and Non-optical Microscopes (0.22).

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Most Complex Products by PCI

The highest complexity exports of Aichi according to the product complexity index (PCI) are Metalworking Machines (2.2), Photographic Chemicals (2.17), Precious Metal Compounds (2.07), Metalworking Transfer Machines (2.04), Machinery Having Individual Functions (1.93), Non-Mechanical Removal Machinery (1.9), Phosphoric Esters and Salts (1.84), Hot-Rolled Stainless Steel Bars (1.8), Iron Fasteners (1.79), and Metal Pickling Preparations (1.79). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Blown Glass (34.15), Metal Lathes (27.39), Textile Fiber Machinery (24.55), Metalworking Transfer Machines (23.54), and Friction Material (21.62).

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Product Space

RCA Filter

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Aichi is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

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Relatedness Space

This network shows the products most related to the production structure of Aichi. These are products that tend to be co-exported with the products that Aichi exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.